×

MIDLANDS FINANCE NEWS

Monday May 8 2017

Clever Lending and Equifinance provide finance solution


Clever Lending, the specialist master broker, worked closely with second charge lender Equifinance to provide a customer with a £50,000 loan to carry out much needed home improvements.



Clever Lending and Equifinance provide finance solution

Clever Lending, the specialist master broker, worked closely with second charge lender Equifinance to provide a customer with a £50,000 loan to carry out much needed home improvements.

However, the case wasn’t straightforward. The customer’s first charge lender wouldn’t grant further borrowing and a re-mortgage wasn’t an option as the customer was on a preferential rate and favourable terms. The customer also had a CCJ, although it was satisfied twelve months previously, and their house was of non-standard construction with a timber frame and pitch glass fibre roof, ruling many lenders out as this sort of security isn’t often catered for. On top of this the first charge lender would not grant consent to a second charge mortgage.

However, Clever Lending’s expert team liaised with their extensive lender panel, and it was through Equifinance that the solution was found. They assessed the case and helped provide the client with a no consent product from their new range of second charge products.

Equifinance were able to provide a solution that was affordable and enabled the completion of the much needed home improvements. The loan also delivered a reduction in the customer’s monthly outgoings, along with an improvement in their lifestyle and an increase in the value of their home once the improvements were carried out. The net loan was for £50,000 over 120 months.

Sam Kirtikar, managing director of Clever Lending, commented: “We know some clients can be in a very tricky and complex situation, but at Clever we don’t turn such cases away. We work closely with the broker and our lender panel to search out an appropriate client outcome. In this case Equifinance delivered a solution by expertly considering the case from every angle and quickly moving the case forward despite some unusual circumstances and non-standard security. An excellent example of a master broker and a specialist lender working together to deliver a positive solution for the customer. So no matter how complex a case may seem, just pass it through to our team and we’ll work hard to find the best solution available.”

Tony Marshall, managing director of Equifinance, said: “We manually underwrite each application and as such we review each and every case on its own merits. This in turn enables us to provide the best possible outcome for the customer even when their circumstances are complex. Working alongside Clever Lending, who have the same ethos of providing the best customer outcome, helped provide a smooth and efficient process for everyone involved. ”



"We work closely with the broker and our lender panel to search out an appropriate client outcome. In this case Equifinance delivered a solution."
Sam Kirtikar








DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.







Entirely Finance Jobs


Head of Finance

Derbyshire


Broster Buchanan are currently partnering with an International Charity based in Central London who are looking to appoint a Head of Finance.




Finance Manager

Tipton


Finance Manager - Tipton, West Midlands - Manufacturing The Company We are manufacturing and engineering professionals.




Finance Business Partner

Coalville


Finance Business Partner - Coalville - £35,000 - £45,000 Chase & Holland have an exciting role for a Finance Business Partner role to join a well-known manufacturing company on the outskirts of South Derby to support the ambitious growth plans of the business.




Finance Business Partner

Burton


Finance Business Partner - Burton - £35,000 - £45,000 Chase & Holland have an exciting role for a Finance Business Partner role to join a well-known manufacturing company on the outskirts of South Derby to support the ambitious growth plans of the business.




Finance Manager

Smethwick


An exciting opportunity has arisen for a Finance Manager to work for a thriving distribution company based in the Smethwick area.




Finance Admin

Wolverhampton


Finance Admin3-6 months contract£14,000.




Finance Operations Manager

Northamptonshire


Temporary Financial Operations ManagerVenn Group are currently working with a reputable Charity in Northamptonshire to recruit a temporary Financial Operations Manager for a three to six-month period.




Finance Assistant

Northampton


Monday - Friday - £10-£11 per hour, Free Parking, 37.




Finance Officer

Birmingham


Finance Officer£10.




Credit Controller/Finance Assistant

Derby


We are recruiting for an experienced Credit Controller/Finance Assistant to work in a varied and challenging role.




Head of Finance

Derbyshire


Broster Buchanan are currently partnering with an International Charity based in Central London who are looking to appoint a Head of Finance.




Finance Manager

Tipton


Finance Manager - Tipton, West Midlands - Manufacturing The Company We are manufacturing and engineering professionals.




Finance Business Partner

Coalville


Finance Business Partner - Coalville - £35,000 - £45,000 Chase & Holland have an exciting role for a Finance Business Partner role to join a well-known manufacturing company on the outskirts of South Derby to support the ambitious growth plans of the business.




Finance Business Partner

Burton


Finance Business Partner - Burton - £35,000 - £45,000 Chase & Holland have an exciting role for a Finance Business Partner role to join a well-known manufacturing company on the outskirts of South Derby to support the ambitious growth plans of the business.




Finance Manager

Smethwick


An exciting opportunity has arisen for a Finance Manager to work for a thriving distribution company based in the Smethwick area.




Finance Admin

Wolverhampton


Finance Admin3-6 months contract£14,000.




Finance Operations Manager

Northamptonshire


Temporary Financial Operations ManagerVenn Group are currently working with a reputable Charity in Northamptonshire to recruit a temporary Financial Operations Manager for a three to six-month period.




RECOMMENDED FOR YOU ON ENTIRELY MIDLANDS














































Discover the latest Industry News & Opinions on Entirely














We build powerful Financial Models for critical business decision makers.